BOOK PROFIT 80000, ALLOWBALE REMUNERATION FOR PARTNERS

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DEAR ALL,

Our Firm Book Profit is 8000/- what is allowable remuneration for partners?

and can we file itr 5 with our tax audit (turn over below 20 lakhs)

 

Replies (2)
I think you are mistaken
tax audit is applicaable as per provisions of Sec 44AB.

can we file itr 5 with out tax audit (turn over below 20 lakhs)

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